ServisFirst Bancshares (NASDAQ:SFBS) Announces Earnings Results

ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) issued its quarterly earnings results on Monday. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24, Yahoo Finance reports. ServisFirst Bancshares had a return on equity of 19.75% and a net margin of 44.67%.

ServisFirst Bancshares Price Performance

Shares of NASDAQ SFBS traded up $0.15 during midday trading on Monday, hitting $71.92. The stock had a trading volume of 143,135 shares, compared to its average volume of 147,767. The company has a market capitalization of $3.91 billion, a PE ratio of 16.50 and a beta of 0.92. The stock has a 50 day simple moving average of $71.46 and a 200-day simple moving average of $78.39. ServisFirst Bancshares has a 1 year low of $63.53 and a 1 year high of $97.25. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.05.

ServisFirst Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Tuesday, January 3rd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, December 30th. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.23. ServisFirst Bancshares’s dividend payout ratio (DPR) is 25.69%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, December 15th.

Hedge Funds Weigh In On ServisFirst Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd lifted its position in ServisFirst Bancshares by 1,043.6% during the second quarter. Point72 Hong Kong Ltd now owns 2,230 shares of the financial services provider’s stock worth $176,000 after buying an additional 2,035 shares in the last quarter. Jane Street Group LLC lifted its position in ServisFirst Bancshares by 17.8% during the second quarter. Jane Street Group LLC now owns 2,973 shares of the financial services provider’s stock worth $235,000 after buying an additional 449 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in ServisFirst Bancshares by 110.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,457 shares of the financial services provider’s stock worth $253,000 after buying an additional 1,288 shares in the last quarter. Evergreen Capital Management LLC lifted its position in ServisFirst Bancshares by 9.1% during the first quarter. Evergreen Capital Management LLC now owns 3,128 shares of the financial services provider’s stock worth $298,000 after buying an additional 261 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in ServisFirst Bancshares during the second quarter worth approximately $517,000. Hedge funds and other institutional investors own 63.25% of the company’s stock.

About ServisFirst Bancshares

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ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, such as seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.